Answer
Can a buyer assume my existing loan?
Sometimes. Most agency multifamily loans (Fannie Mae, Freddie Mac) are assumable with lender approval and a 1% assumption fee. Bank portfolio loans vary — some allow it, most don't. If your rate is materially below market, an assumable loan is real value the buyer will pay for. We surface that in the OM.
How it prices in
A $3M loan at 4% assumable when the market is 7% is worth roughly $300K–$500K in present value to the buyer over the loan's remaining term. Real money.
What it takes
Lender approval takes 60–90 days. Buyer qualifies to the lender's standards. Assumption fee typically 1% of loan balance. Plan escrow timing accordingly.
Local context
This answer reflects how deals actually trade in Cameron Samimi's core coverage area: the South Bay (Torrance, Redondo Beach, Hawthorne, Lawndale, Gardena, El Segundo), Long Beach (Alamitos Beach, Belmont Heights, Wrigley, Bixby Knolls, Downtown), and Westside LA. Pricing, rent regulation, and buyer depth differ materially between these submarkets — verify the specifics for your property before acting.
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